Holston Electric Cooperative Inc (EIN 620238497) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

Jeff Ringley

Phone

4232728821

Tax Period

2023-07-01 to 2024-06-30

Holston Electric Cooperative Inc, founded in 1940, is a major nonprofit that reported $101.4M in total revenue in fiscal year 2023.

Mission

At Holston Electric Cooperative, our mission is to provide safe, dependable electric service to our member-owners at a reasonable cost.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $98,537,381

Investment Income $872,465

Other Revenue $2,022,201

TOTAL REVENUE $101,432,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $730,278

Fundraising Expenses $0

Other Expenses $93,660,749

TOTAL EXPENSES $101,432,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,432,047	$103,748,257	0.0%
Expenses	$101,432,047	$103,748,257	0.0%
Net Income	$0	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$668,728

Total Directors

$106,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gordell Ely	Director	8.30	Director	$15,825	$0	$15,825
Jeff Ringley	Director/President	5.00	Officer Director	$12,075	$0	$12,075
Phil Barrett	Director/Vice President	8.90	Officer Director	$17,675	$0	$17,675
David Marshall	Director/Secretary/Treasurer	4.70	Officer Director	$15,675	$0	$15,675
Mark Derrick	Director	9.90	Director	$19,325	$0	$19,325
Jerry Horner	Director	4.30	Director	$13,225	$0	$13,225
Crystal Price	Director	3.80	Director	$13,175	$0	$13,175
Shannon Bellamy	Director of Finance and Hu	50.00	Officer	$184,756	$16,013	$200,769
James B Sandlin	General Manager	55.00	Officer	$313,620	$108,914	$422,534
Chris Couch	Foreman	50.00	Highest	$129,743	$12,544	$142,287
Thomas Powell	Director of Broadband Oper	50.00	Highest	$139,505	$22,842	$162,347
James M Collier	Director of Operations	50.00	Highest	$149,135	$133,197	$282,332
Nathan Franklin	Director of Engineering	50.00	Highest	$140,547	$67,732	$208,279
James Glenn Risner	Foreman	50.00	Highest	$138,944	$83,187	$222,131

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$101,432,047	$101,432,047	$149,358,074	No data
2023	$103,748,257	$103,748,257	$143,343,428	No data
2022	$97,958,544	$97,507,317	$140,432,181	$451,227
2021	$88,497,952	$87,795,569	$133,452,137	$702,383
2020	$80,989,721	$81,486,477	$116,352,555	$-496,756
2019	$79,823,489	$80,454,225	$102,063,238	$-630,736

Holston Electric Cooperative Inc